The counter was in a consolidation mode after a steep downfall.
It consolidated in a triangle wave and has now broken out of the formation with an impulse candle.
Hence, we expect the pair to head south from here.
It consolidated in a triangle wave and has now broken out of the formation with an impulse candle.
Hence, we expect the pair to head south from here.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.